Market Overview
Home Prices in McGehee, AR
The median home value in McGehee, AR is $79,665 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.9% compared to a year ago and down 18.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in McGehee are priced81% below average.
Over the past five years, McGehee home values have fallen by approximately28.6%, reflecting softening conditions in this market.
Price History
McGehee Home Price Trend
2020
$101,210
$101K
—
2021
$111,557
$112K
+10.2%
2022
$110,617
$111K
-0.8%
2023
$111,927
$112K
+1.2%
2024
$103,532
$104K
-7.5%
2025
$84,626
$85K
-18.3%
2026
$79,665
$80K
-5.9%
City Comparison
McGehee vs. National Median
🏠 McGehee
$79,665
National Median
$410,000
At $79,665, homes in McGehee cost 81% below the national median of $410,000. This makes McGehee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McGehee?
20% Down Payment
$15,933
on $79,665
Monthly P&I
$415/mo
30-yr @ 6.8%
Total Monthly Est.
~$527/mo
incl. taxes & insurance
Income Needed
$21,080
gross annual (30% rule)
10% Down Option
$7,967
+ PMI applies
Loan Amount (20% dn)
$63,732
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in McGehee, AR?
The median home value in McGehee is $79,665 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.9% year-over-year.
How much have home prices changed in McGehee?
Over the past year, home values in McGehee have decreased by 5.9%. Over five years, prices have fallen approximately 28.6%.
How much do I need to earn to buy a home in McGehee?
To comfortably afford the median home price of $79,665 with a 20% down payment ($15,933) at today's rates (6.8%), you'd need a gross annual income of approximately $21,080. This assumes keeping total housing costs at or below 30% of gross income.
How does McGehee compare to the national average home price?
The national median home value is approximately $410,000. At $79,665, homes in McGehee are 81% below the national average.